Age is usually not much of a factor and units built within a few years of each other won't have an adjustment for age.

I was hoping that an appraiser might be able to adjust the value of the property seeing as tho it is split ownership.  

you're a success in the making at least you took action and you learned a few things in the process you didn't back down your confidence should be at an all time high and feel good about yourself cause your next deal you get under contract it's a win win God speed

Since we are selling it to the LLC and/or transfering it (as a capital contribution) Would basis be FMV or adjusted basis considering depreceiation? 

Trying to get back up to speed!

To have an offer accepted, one may need to adjust their Desired Profit; however, it should not be below $20,000, or what one feels is acceptable.

There are workarounds which would require your accountant to understand and possibly make some year end adjustments but it (QB) could be made to work how you want.

Shoot for 20 and adjust as you go.

I have to adjust the profit in order for the purchase price to change.

It is a bit easier to define and work on a niche in residential properties.I personally wouldn't focus on the speed of acquiring the money,  and place more of the focus on the consistancy of earning money.